Pia serves as a bridge between sales, clients, and the development team, ensuring that products are delivered on time and on spec. Since moving to Vancouver in 2005, she has been in project and client account management roles, including running web and print campaigns from inception to completion. She was the first production manager at Dig Media in 2008; she left briefly, but rejoined the company in 2011. She holds a Bachelor’s degree in journalism from the University of the Philippines.
Formation Metals Inc. (TSX:FCO) reported the filing on SEDAR of its technical report containing results of its Preliminary Economic Assessment for the Idaho Cobalt Project in Lemhi County, Idaho. Together with the SEDAR filing, Formation Metals has also commissioned metallurgical test work in January 2015.
Global Cobalt Corp. (TSXV:GCO) announced a non-brokered private placement or up to CAD $250,000, consisting of up to 5,000,000 units at $0.05 per Unit. Each Unit will be made up of one common share of Global Cobalt and one common share purchase warrant that entitles the holder to acquire an additional common share for 24 months after the closing date. at $0.07 per Warrant Share.
Global Cobalt Corp. (TSXV:GCO) entered into a binding agreement with largest shareholder Imperial Mining Holding Limited, for a lock up agreement and spin-out of certain North American mineral exploration projects to SpinCo, a newly incorporated company. However, as a condition of the terms, IMHL and its affiliates agreed to waive their rights to receive common shares, warrants and/or options in SpinCo. Global Cobalt’s Werner Lake property in Ontario and the Iron Creek property in Idaho will be transferred to SpinCo. The Karakul and Altai Sister properties in Altai Republic, Russia will be retained by Global Cobalt.
Formation Metals Inc. (TSX:FCO) was mentioned in an article on the Energy & Capital entitled, “Three Stocks for the Cobalt Bull Market”. The article mentions the current opportunity for growth and diversity in the cobalt market, and that Formation Metals is a company to watch because “its mines aren’t in the DRC, which means it will garner a higher price for its cobalt if there is a supply squeeze due to political unrest.”
Global Cobalt Corp. (TSXV:GCO) announced that it has settled its debt with a creditor whereby the Company has agreed to issue an aggregate of 564,997 common shares at a deemed price of $0.05 per share. The transaction is subject to the approval of the TSX Venture Exchange.
Global Cobalt Corp. (TSXV:GCO) directors have created an ad hoc committee for the strategic review of its existing properties and projects, business plan, development strategy and capital structure to ensure that shareholder value is protected. The Company is considering strategic and financial alternatives such as a settlement offer with Imperial Mining Holding Limited for the option agreement and loan agreement; an addition to portfolio of cobalt or strategic metals projects; and creating a new company focused on cobalt and other energy related metals. Global Cobalt cautions shareholders that there are no assurances or guarantees that discussions will result in any agreement.
Formation Metals Inc. (TSX:FCO) provided shareholders with a year-end summary of developments, and plans for moving forward. A Preliminary Economic Assessment (PEA) on the Idaho Cobalt Project in Idaho is expected the the coming weeks, with the company anticipating that, “this report will demonstrate that the ICP has the potential to produce battery grade cobalt chemicals.” Formation also reports a healthy cash position and no debt, “we have sufficient working capital to fund planned operations based on our current budget. In addition, the ICP’s mine and mill site have been diligently maintained to ensure that the requirements of all the permitting agencies have been met and all necessary permits remain in good standing.”
Global Cobalt Corp. (TSXV:GCO) has proposed a settlement with Imperial Mining Holding Limited on the current option agreement. Details of the settlement – Global Cobalt’s exploration expenses owed offered as an offset for the current outstanding loan amount owed to IMHL – are currently under discussion.
Global Cobalt Corp. (TSXV:GCO,OTCBB:GLBCF,FRA:3P0) reported the issuance of shares for debt settlements with certain creditors, three of whom are directors and/or officers of the Company. The Company issued 1,047,300 common shares at a price of $0.05 per share.